Answer Posted / gopal kumar bhagat

"THE COMPANIES ACT 1956" ,specifies that p/l appropriation a/c is prepared to ascertain how the net profit earned by the company is distributed among various sectors such as general reserve approx(20% of n.p),interim dividend,provision for taxation,etc...this a/c also helps the general persons to know about the net profit distribution channels of the company and make them interested to invest in their shares


by gopal bhagat
student of icai

What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?

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Which document should be attached with purchse & sales invoice?

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Could u show me the sample TDS Document / Template

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Can I freeze my account?

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If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???

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What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?

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1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?

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Expand---------PED

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Expand---------OST

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Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

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is it necessasary to make a partnership deed

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Have you worked with other on team endeavors

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What is Spin-off & spilts

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How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.

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EXPAND______________ICC

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